#TradeStories

It was traded with currency $MUBARAK .

When it was launched on the Binance platform, its price was 0.1419,

I bought it immediately at the same price. The price dropped with the appearance of red candles, reaching 0.1300.

I waited for the price to rise, but that did not happen.

Suddenly, the price dropped to 0.1000 and 0.800 in the blink of an eye.

The next day, while I waited, the price dropped further to 0.600, so I thought that the currency would not recover in the near future, and I sold it at a significant loss, at a price of 0.0550.

The loss was severe. But I couldn't do anything.

I believe there are two reasons for its decline:

1- A meme coin with no utility or innovation.

2- Its trading in the alpha market on the Binance platform,

where traders used leverage more than spot traders on the day of its launch on Binance. This was the main reason, and I do not like the alpha market on Binance. #Altcoins, I strongly advise against trading in the alpha market due to the inflow and outflow of money to Binance before its launch, and this is the reason for the volatility of Mubarak, especially a few hours before. In the alpha market, the price of Mubarak reached 0.2000, but it did not even reach 0.1500 after its launch on Binance.